Connect with us

Press Releases

Smart Vision Labs to Launch Two New Smart Autorefractors

mm

Published

on

 

Smart Vision’s SVOne Pro autorefractor

(Press Release)
NEW YORK, NY – Smart Vision Labs, a maker of mobile autorefractors and other diagnostics, has announced two new additions to its product offerings.

The SVOne Enterprise is a fully automated self-guided objective refraction technology which combines mobile computation, precision optics and connectivity. The SVOne Pro is an upgraded version of the company’s core technology with an increased range of power and several features that improve usability and accuracy.

“Smart Vision Labs is committed to providing eyecare providers with powerful yet portable diagnostic tools that extend the ability to provide convenient and comprehensive vision exams and screening in clinical and non-clinical settings,” says CEO and co-founder Yaopeng Zhou.

The SVOne Enterprise, a Shack-Hartmann wavefront aberrometer, is a patient-directed vision testing station. Results from the voice-guided refraction examination are automatically uploaded to a secure, HIPAA-compliant cloud platform. Designed for use in retail locations, pharmacies, hospitals, workplaces, schools and other remote settings, the SVOne Enterprise offers eyecare providers a patient engagement and remote patient monitoring tool.

Advertisement

The SVOne Pro has the same core technology as the original SVOne autorefractor, but with increased range of power and improved usability. The new device features a new open view channel so the operator can see patients’ eyes when aligning the SVOne Pro. When the pupil is detected, the SVOne Pro auto-triggers to automatically acquire wavefront data through its software.

The measurement parameters of both the SVOne Enterprise and SVOne Pro have been increased to cover the vision needs of 99 percent of the population. The sphere range is -14.00 to +14.00 D, and the cylinder range is -7.00 to +7.00 D.

“For our second-generation products, we really listened to feedback from our partners and underwent a major design overhaul,” says Smart Vision Labs COO and co-founder Marc Albanese. “SVOne Enterprise and SVOne Pro mark a new frontier in vision care by providing professionals the most powerful refraction devices in a truly easy-to-use and portable format.”

The SVOne Enterprise and SVOne Pro are designed to be powerful enough for clinical settings and portable enough for non-clinical settings. “Over 700 million people worldwide suffer from uncorrected refractive errors. The FDA Class 1 exempt devices weigh less than a pound each, and the price point makes it accessible to the average clinician,” says Zhou. “We believe these innovative devices can drive more accessible vision care for everyone.”

The smartphone-based aberrometer has been shown to measure refractive error comparable with subjective refraction and an office-based autorefractor under both cycloplegic and non-cycloplegic conditions in visually normal young adults.1

1 Ciuffreda KJ, Rosenfield M. Evaluation of the SVOne: a Handheld, Smartphone-Based Autorefractor. Optometry and Vision Science. 2015;92(12):1113-1139

Advertisement

Advertisement

SPONSORED VIDEO

SPONSORED BY REICHERT

When You’re Passionate About Eye Care, the Right Technology Matters

Lisa Genovese, O.D., strives to give her patients the very best. At Insight Eye Care’s multiple locations, Dr. Genovese provides optimal care for her patients using the Reichert® Phoroptor® VRx Digital Refraction System. In this second Practice Profile Video from Reichert’s “Passionate About Eye Care” series, take a closer look and see how this eye care professional achieved a better work-life balance with equipment that’s designed and engineered in the U.S.A.

Promoted Headlines

Press Releases

Marcolin Group Enters a Partnership with Positive Luxury

This is by sponsoring the inaugural Positive Luxury Awards 2020.

mm

Published

on

(PRESS RELEASE) Marcolin Group, a worldwide leading company in the eyewear industry, announces its partnership with Positive Luxury for their first edition of the Positive Luxury Awards. The ceremony is taking place in London on the 25th of February 2020 and the Group will present the Innovation of the Year Award.

Founded in 2011, Positive Luxury is an award-winning sustainability platform that connects luxury brands with people working towards a better future through the unique Butterfly Mark, a symbol of trust earned by brands that have adopted sustainability as a key business principle.

Podcast: Is Eyecare in Canada Really More Like the U.S. Than We Think?
INVISION Podcast

Podcast: Is Eyecare in Canada Really More Like the U.S. Than We Think?

Podcast: What Exactly Does it Take to Become America’s Finest Optical Retailer?
INVISION Podcast

Podcast: What Exactly Does it Take to Become America’s Finest Optical Retailer?

Podcast: Why Optical (and Especially Optical Retail) Is Lagging Behind Other Industries
INVISION Podcast

Podcast: Why Optical (and Especially Optical Retail) Is Lagging Behind Other Industries

The Positive Luxury Awards 2020 is a global celebration of sustainability and innovation within the luxury industry, featuring a variety of categories recognizing companies or individuals affecting positive change in businesses and the global community.

Marcolin Group will sponsor the Innovation of the Year Award which identifies true innovators taking an entirely new approach to their service, product, technology or business model, improving their social or environmental performance while also offering large scale improvements internally and externally.

The evening’s winners will be selected by a special jury consisting of 12 global business leaders, including American-British model and activist, Arizona Muse, United Nations officer, Simone Cipriani, author of The New Green Consumer Guide, Julia Hailes, business writer and advisor, John Elkington, author and British Fashion Council’s Advisory Board member, Frances Corner, model, actress and activist, Amber Valletta, Parsons School of Design Dean of Fashion, Burak Cakmak, communications consultant and writer, Emma Young, journalist and author, Isabelle Lefort, Business for Social

Responsibility Managing Director, Elisa Niemtzow, and Imagine Co-founder and International Chamber of Commerce Chair, Paul Polman.

Massimo Renon, Marcolin Group CEO, affirmed: “Marcolin Group is the first international eyewear company collaborating with Positive Luxury. We will demonstrate to our partners and consumers that we are tracing a new path in the sustainability. Our relentless pursuit of innovation and experimentation has led Marcolin Group to become the first sponsor for The Positive Luxury Innovation of the Year Award”.

Diana Verde Nieto, Co-Founder and CEO of Positive Luxury, stated: “Marcolin Group’s commitment to craftsmanship and quality has helped them build an unparalleled reputation in the eyewear industry. We are proud to work with them and have their support for the Positive Luxury Awards 2020, more specifically, the Innovation of the Year Award”.

Continue Reading

Press Releases

Safilo Group Acquires 70% of Blenders Eyewear

The effects of the acquisition will be reflected in the new Business Plan that Safilo will disclose to the  market on December 11, 2019.

mm

Published

on

(PRESS RELEASE) Safilo Group announces the acquisition of a 70% stake in the equity of the California company Blenders Eyewear LLC (the “Company”). Safilo Group purchased the stake from the company’s founding entrepreneur and full owner.

Founded in San Diego in 2012 by Chase Fisher, Blenders Eyewear has built an advanced e-commerce platform with unique digital and social media skills, which has achieved fast and profitable growth thanks to its world-class digital capabilities. The Company generates approximately 95% of its current business through its proprietary direct-to-consumer e-commerce platform, more recently complemented by the opening of the first Blenders flagship store in San Diego.

Podcast: Is Eyecare in Canada Really More Like the U.S. Than We Think?
INVISION Podcast

Podcast: Is Eyecare in Canada Really More Like the U.S. Than We Think?

Podcast: What Exactly Does it Take to Become America’s Finest Optical Retailer?
INVISION Podcast

Podcast: What Exactly Does it Take to Become America’s Finest Optical Retailer?

Podcast: Why Optical (and Especially Optical Retail) Is Lagging Behind Other Industries
INVISION Podcast

Podcast: Why Optical (and Especially Optical Retail) Is Lagging Behind Other Industries

Blenders Eyewear’s products are inspired by the California active and progressive lifestyle and offer a compelling price-to-value eyewear proposition, particularly appealing to a broad range of consumers with a focus on Millennials and Generation Z, both female and male.

The brand, profitable since its inception and with strong current profitability, has fuelled its rapid growth through highly effective social marketing strategies, partnering with influencers, athletes, lifestyle
enthusiasts, and product collaborations which have driven sales and brand awareness.

In 2019 the Company expects to reach profitable net sales of approximately USD 42 million, all generated in the United States and up around 40% compared to the previous year and with a 3-year CAGR of 175%.

Angelo Trocchia, Safilo’s chief executive officer, said: “We are thrilled to welcome to Safilo an inspiring brand like Blenders Eyewear, a fast-growing e-commerce-powered business at the forefront of the latest direct to consumer and omni-channel capabilities, which will enrich our proprietary portfolio with new strong skills and a particular focus on our key US market.

Blenders is a disruptive, digitally native business model, founded on the principle of providing high quality lifestyle and active eyewear, at affordable prices and with engaging brand content. A strong proposition rooted in a rapid expansion of brand awareness among its natural, fast growing customer audience of Millennials and Generation Z. Blenders is entrenched in today’s social sphere and is experiencing significant social media success.

With Blenders, we aim to foster and accelerate our e-commerce and omni-channel strategy, leveraging on the digital DNA and proven capabilities of the brand and putting Safilo’s global capabilities at its disposal to enable global expansion of the brand.”

Chase Fisher, founder and CEO of Blenders Eyewear commented: “This marks a huge step forward for Blenders and we’re excited to be part of Safilo to reach a wider marketplace. Safilo’s product know-how and global distribution capabilities are the perfect complement to our digitally native business model, opening up worldwide expansion potential. We’re on a mission to build a thriving global community that inspires people to live in forward motion.”

Safilo acquired the 70% controlling interest in the Company, based on a total value on a cash-and debt free basis (Enterprise Value for 100% of the Company) equal to USD 90 million. The cash
consideration to be paid at closing is subject to customary price adjustments. The closing of the transaction is subject to conditions precedent including some related to the activities of the Company.

Chase Fisher will retain full ownership of 30% of the shares and, pursuant to the share purchase agreement, these remaining equity interests are subject to customary reciprocal put and call options which can be exercised starting from 2023. Chase Fisher will remain CEO of Blenders Eyewear which will continue to run out of its San Diego home.

The acquisition will be financed through available cash and credit facilities, and through a loan provided by Safilo’s reference shareholder, Multibrands Italy B.V., controlled by HAL Holding N.V, for an amount of EUR 30 million which the company aims to draw for the closing of the transaction.

The transaction executed with Multibrands Italy B.V. represents a “transaction with a related party of greater importance” as the Equivalent-value relevance ratio (i.e. the ratio between the counter value of the loan and the consolidated shareholders’ equity as at June 30, 2019) is above the threshold of 5%. As such, the execution of the loan has been approved by the Board of Directors on December 1st, 2019 upon the favorable opinion of the Related Parties Committee dated November 29th, 2019, on the interest of the Group in entering the loan and on the convenience and substantial fairness of the relevant terms and conditions.

The required informative document will be made available within the timeframe provided for by the law.

The effects of the acquisition will be reflected in the new Business Plan that Safilo will disclose to the  market on December 11, 2019.

Continue Reading

Press Releases

Bollé Brands Adds to North American Marketing Team

Appoints industry veteran Chris Abbruzzese to VP trade marketing role.

mm

Published

on

(PRESS RELEASE) BOSTON, MA — Chris Abbruzzese has been named vice president of Trade Marketing for Bollé Brands, North America.

Abbruzzese will be responsible for developing trade marketing strategies that align with Bollé’s global brand strategies. In this new role, Abbruzzese will act as the key bridge between global marketing and product teams and the North American sales team with an emphasis on in-store programs that promote retail success and drive sell-through.

“We’re thrilled to welcome Chris to the team and excited to have him help us take these great brands to the next level,” said Peter Smith, CEO of Bollé Brands

Abbruzzese brings 15 years of experience with Maui Jim Sunglasses, where he served as VP, Global Marketing. In that role, he developed and executed global marketing initiatives for the high-end sunglass line. As a member of the core team, he was instrumental in the early growth and expansion of the brand internationally.

Abbruzzese has also performed marketing and sales consulting services for clients in the outdoor, home automation, energy, optical, and digital fabrication industries.

Continue Reading

Advertisement

Advertisement

Subscribe


BULLETINS

Get the most important news and business ideas for eyecare professionals every weekday from INVISION.

Advertisement

Most Popular